3. Autonomous Vehicles, Inc. has some new products that it expects to lead to high growth in the near future. It has given analysts the following forecasts for the next three years: 2017 30,375 253,125 2018 42,525 293,625 51,000 2019 54,675 334,125 22,500 Depreciation EBIT Investment in Operating Assets70,500 The firm's debt has a current market value of $900,000 and it has $75,000 in marketable securities. There are 500,000 common shares outstanding. The expected tax rate is 35%, and the WACC is estimated to be 10%. a. Calculate the free cash flow for each of the next three years. b. After 2019 free cash flow growth is expected to slow to 7% per year permanently. What is the value of the stock today? Without the new products, free cash flow in 2017 would be $100,000 and it would grow at 7% per year forever. What is the value of the stock if the new products aren't introduced? c